Eau Claire West | 109.11m | 33s | QuadReal | NORR

Albertasaurus said:
I'd actually get excited about this if it were owned by one of our more forward thinking, aggressive developers. Unfortunately one reason Eau Claire area is so slow to develop is most of the big parking lots are owned by very risk-adverse pension funds.

Don't get me wrong, I wouldn't want my pension fund to roll the dice with my pension so I get why they are so conservative, but it doesn't make for inspiring city-building...
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Which pension funds are these?
 
A few images from the presentation. The same ones posted by @CT (Chinese_T) , but from the online presentation file.

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I know we often want every location to be a landmark and stand out, but this one seems to be a good opportunity to just be competent - build a livable, high density tower neighbourhood here with good street walls and trees. Add 2,000 units downtown in a 8 phase tower development with boring ol' functional boxes. You'll never have a problem renting them out for the next 100 years.

Totally my opinion not a fact - but it seems to me that developments in Eau Claire area get tricked up by how "great" and "unique" of a location and feel they have to do something amazing, unique or ultra luxury. Perhaps this results in many over-paying for the land, almost forcing the hand of the development that it has to be a fancy landmark to justify the high price.

For me, finishing off a 50 year old parking lot with 8 to 10 of these things would be a totally fine outcome:
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This section of downtown can be well served by Kensington for any retail or social vibrancy. I agree, leave the landmarks for other areas and just build kind of boring competent projects.
 
Red Star said:
Isn't this the site where any time a development is proposed an economic recession follows?
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It is. Part of the reason for that is the pension funds that own developers like Quadreal are incredibly risk adverse, and wait on the sidelines until the boom cycle is wrapping up, and so by the time their applications are in, demand is already drying up. This cycle appears set to repeat itself yet again...
 
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